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Power Technology
Masdar And Partners Sign Investment Agreement For 1Gw Wind Farm In Kazakhstan
On the sidelines of Conference of Parties 29 in Baku, Azerbaijan, Masdar, alongside its partners, has signed an investment agreement for the development of a 1GW wind farm in Kazakhstan. The wind farm, which will be Masdar’s first project in Kazakhstan, is situated in the Jambyl region and will include a 600MWh battery storage system. This initiative is part of a collaborative effort involving W Solar, Qazaq Green Power, and the Kazakhstan Investment Development Fund, with Masdar as the lead developer. United Arab Emirates (UAE) Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei said: “Today marks an important milestone for the UAE and Kazakhstan and highlights the strength of our strategic partnership. “We are proud to support Kazakhstan’s net-zero ambitions while in pursuit of implementing the key pillar of the historic UAE Consensus of tripling global renewable energy by 2030.” Construction of the wind facility is set to begin by the first quarter (Q1) of 2026. Once completed, the wind project is set to bolster Kazakhstan’s energy transition, aligning with the country’s goal to augment its renewable energy capacity to 15% by 2030 and 50% by 2050, eventually leading to carbon neutrality by 2060. Masdar CEO Mohamed Jameel Al Ramahi said: “With Masdar’s proven success in implementing large-scale renewable energy projects worldwide, we are confident that this 1GW wind farm will have demonstratively positive impact in its surrounding region. “In our ongoing collaboration with the government of Kazakhstan, as well as our valued partners at W Solar, Qazaq Green Power and the Kazakhstan Investment Development Fund we’re excited to see the continued growth of this project and the benefits it will bring to the region.” Earlier this month, Masdar, Sarawak Energy, and Gentari conducted a feasibility study for a large-scale floating solar plant on the Murum reservoir in Sarawak, Malaysia. The companies signed a joint study agreement to assess the technical, environmental, and economic aspects, aiming to determine the project’s viability.
powerplant
13 November 2024
Global ENERGY INFRASTRUCTURE
Topsoe To Provide Technology For One Of Brazil’S First Commercial Scale Sustainable Aviation Fuel Production Plants
Topsoe Press Release-- Topsoe, a global leader in carbon emission reduction technologies, has signed an agreement with Refinaria de Petróleo Riograndense SA (Riograndense), to provide its HydroFlex™ and H2bridge™ technologies for sustainable aviation fuel (SAF) and renewable diesel production at Riograndense’s Rio Grande renewable fuels plant in Brazil. The production addresses the rapidly growing demand for SAF. As cited by the International Energy Agency’s Net Zero Scenario, over 10% of fuel consumption in aviation needs to be SAF by 20301 to stay on course for net zero CO2 emissions by 2050. In 2023, the International Air Transport Association estimated global SAF production to make up only around 0.2% of total jet fuel demand2. Elena Scaltritti, Chief Commercial Officer at Topsoe, said:“With Brazil setting ambitious airline emissions reduction targets in October this year, Riograndense is one of the country’s early movers to ensure SAF supply is available for airline operators on-time. We look forward to partnering with Riograndense to grow the supply of renewable fuels in Brazil.” Felipe Jorge, Managing Director at Riograndense, said:“We believe Topsoe is the right partner for Riograndense to progress towards the total conversion to a biorefinery, which will allow us to become a reference in the SAF production in Brazil. “ The agreement with Riograndense follows a number of wins announced by Topsoe for the roll-out of its HydroFlex™ technology, including HOLBORN’s Hamburg renewable fuels refinery, Braya Renewable Fuels’ Come By Chance plant in Canada, Cepsa Bioenergia San Roque’s Palos de la Frontera plant in Spain, and Guangxi Hongkun Biomass in China.
oil-gas
13 November 2024
NS ENERGY
Us Government Secures 200 Million Barrels For Strategic Petroleum Reserve
The US Department of Energy (DOE) has finalised the purchase of 200 million barrels of crude oil to replenish the Strategic Petroleum Reserve (SPR), securing the oil at an average price of $74.75 per barrel. This acquisition concludes a series of purchases aimed at restoring the reserve following an emergency release of 180 million barrels authorised in 2022 due to market disruptions linked to the Russian invasion of Ukraine. As part of the most recent solicitation under Solicitation No. 89243525RCR000031, which closed on 8 November 2024, the DOE awarded contracts for the purchase of an additional 2.4 million barrels of crude oil, valued at $178.65m. The contracts were awarded to Energy Transfer Crude Marketing for 600,000 barrels and to Macquarie Commodities Trading US for 1.8 million barrels. These deliveries are scheduled for April to May 2025 at the SPR’s Bryan Mound site in Texas. The DOE’s broader buyback strategy has now resulted in the acquisition of 59 million barrels for the SPR at an average price below $76 per barrel, which is lower than the $95 average sales price during the emergency sale in 2022. The department also arranged for the retention of 140 million barrels by working with Congress to cancel scheduled sales between fiscal years 2024 and 2026, securing these at approximately $74 per barrel. Together, these measures have restored nearly 200 million barrels to the SPR, said the department. US Secretary of Energy Jennifer Granholm said: “With the awarding of these contracts, DOE has fully utilised all funding allocated for crude oil purchases following the sale of 180 million barrels in response to the Russian invasion of Ukraine and secured 20 million more barrels at a good price for taxpayers. “This milestone cements President Biden and Vice President Harris’ commitment of putting the economic and energy security of the American people first with actions that steadied prices at the pump, provided certainty to industry, and maintained the SPR as the world’s largest supply of emergency crude oil.” According to the DOE, revenue from the 2022 sale, totalling $16.95bn, was used for these purchases, excluding $2.05bn that Congress redirected for deficit reduction. Additionally, the DOE accelerated the return of approximately five million barrels through exchange agreements, ensuring optimal opportunities to replenish the SPR for potential future emergency needs. This replenishment follows a historic release from the SPR to address significant global supply disruptions. According to the US Department of the Treasury, the 2022 SPR releases, alongside coordinated international efforts, helped lower US gasoline prices by up to 40 cents per gallon. The Biden-Harris Administration’s approach to restoring the SPR prioritised taxpayer value, using a three-part strategy. This includes direct purchases funded by emergency sale revenues, exchange returns with added oil premiums, and legislative measures to prevent sales not related to supply disruptions. The SPR, with storage facilities across four sites in Texas and Louisiana, remains the largest emergency crude oil reserve in the world. Give your business an edge with our leading industry insights.
water
11 November 2024
Mininig Weekly
Afd Approves Another €400M Jet-Linked Policy Loan To South Africa
Agence Française de Développement (AFD) has approved another €400-million policy-based loan to support South Africa’s Just Energy Transition (JET), increasing its approvals to €700-million out of the €1-billion it pledged to South Africa at COP26 in Glasgow in 2021. The loan is described as the largest-ever on the AFD's balance sheet and is said to build on the €300-million public policy loan provided by AFD in 2022. It is linked to a set of policy reforms aimed at supporting South Africa’s JET Investment Plan, which seeks to facilitate a shift from coal to renewable energy while cushioning workers and communities reliant on the coal value chain. The loan will be disbursed in equal €200-million tranches in 2025 and 2026. It has a 15-year maturity with a two-year grace period and is priced using an interest rate linked to the six-month EURIBOR plus 1.66%. AFD regional director for Southern Africa and country director for South Africa Audrey Rojkoff said that AFD was working together with the JET partners to strike a balance between South Africa’s energy needs and its climate commitments. “Importantly, we are engaged in addressing the complexity around ensuring that the transition benefits all segments of society with careful planning and implementation,” Rojkoff said in a statement. National Treasury asset and liability management head Mmakgoshi Lekhethe added that the partnership with the AFD presented an opportunity for South Africa to make progress in addressing practical issues of jobs, skills, social support, and governance. “National Treasury will continue working through the intergovernmental system to integrate JET into our fiscal policy choices,” Lekhethe said.
mining
14 November 2024
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Power Technology
Masdar And Partners Sign Investment Agreement For 1Gw Wind Farm In Kazakhstan
On the sidelines of Conference of Parties 29 in Baku, Azerbaijan, Masdar, alongside its partners, has signed an investment agreement for the development of a 1GW wind farm in Kazakhstan. The wind farm, which will be Masdar’s first project in Kazakhstan, is situated in the Jambyl region and will include a 600MWh battery storage system. This initiative is part of a collaborative effort involving W Solar, Qazaq Green Power, and the Kazakhstan Investment Development Fund, with Masdar as the lead developer. United Arab Emirates (UAE) Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei said: “Today marks an important milestone for the UAE and Kazakhstan and highlights the strength of our strategic partnership. “We are proud to support Kazakhstan’s net-zero ambitions while in pursuit of implementing the key pillar of the historic UAE Consensus of tripling global renewable energy by 2030.” Construction of the wind facility is set to begin by the first quarter (Q1) of 2026. Once completed, the wind project is set to bolster Kazakhstan’s energy transition, aligning with the country’s goal to augment its renewable energy capacity to 15% by 2030 and 50% by 2050, eventually leading to carbon neutrality by 2060. Masdar CEO Mohamed Jameel Al Ramahi said: “With Masdar’s proven success in implementing large-scale renewable energy projects worldwide, we are confident that this 1GW wind farm will have demonstratively positive impact in its surrounding region. “In our ongoing collaboration with the government of Kazakhstan, as well as our valued partners at W Solar, Qazaq Green Power and the Kazakhstan Investment Development Fund we’re excited to see the continued growth of this project and the benefits it will bring to the region.” Earlier this month, Masdar, Sarawak Energy, and Gentari conducted a feasibility study for a large-scale floating solar plant on the Murum reservoir in Sarawak, Malaysia. The companies signed a joint study agreement to assess the technical, environmental, and economic aspects, aiming to determine the project’s viability.
powerplant
Nov 13, 2024
Global ENERGY INFRASTRUCTURE
Topsoe To Provide Technology For One Of Brazil’S First Commercial Scale Sustainable Aviation Fuel Production Plants
Topsoe Press Release-- Topsoe, a global leader in carbon emission reduction technologies, has signed an agreement with Refinaria de Petróleo Riograndense SA (Riograndense), to provide its HydroFlex™ and H2bridge™ technologies for sustainable aviation fuel (SAF) and renewable diesel production at Riograndense’s Rio Grande renewable fuels plant in Brazil. The production addresses the rapidly growing demand for SAF. As cited by the International Energy Agency’s Net Zero Scenario, over 10% of fuel consumption in aviation needs to be SAF by 20301 to stay on course for net zero CO2 emissions by 2050. In 2023, the International Air Transport Association estimated global SAF production to make up only around 0.2% of total jet fuel demand2. Elena Scaltritti, Chief Commercial Officer at Topsoe, said:“With Brazil setting ambitious airline emissions reduction targets in October this year, Riograndense is one of the country’s early movers to ensure SAF supply is available for airline operators on-time. We look forward to partnering with Riograndense to grow the supply of renewable fuels in Brazil.” Felipe Jorge, Managing Director at Riograndense, said:“We believe Topsoe is the right partner for Riograndense to progress towards the total conversion to a biorefinery, which will allow us to become a reference in the SAF production in Brazil. “ The agreement with Riograndense follows a number of wins announced by Topsoe for the roll-out of its HydroFlex™ technology, including HOLBORN’s Hamburg renewable fuels refinery, Braya Renewable Fuels’ Come By Chance plant in Canada, Cepsa Bioenergia San Roque’s Palos de la Frontera plant in Spain, and Guangxi Hongkun Biomass in China.
oil-gas
Nov 13, 2024
NS ENERGY
Us Government Secures 200 Million Barrels For Strategic Petroleum Reserve
The US Department of Energy (DOE) has finalised the purchase of 200 million barrels of crude oil to replenish the Strategic Petroleum Reserve (SPR), securing the oil at an average price of $74.75 per barrel. This acquisition concludes a series of purchases aimed at restoring the reserve following an emergency release of 180 million barrels authorised in 2022 due to market disruptions linked to the Russian invasion of Ukraine. As part of the most recent solicitation under Solicitation No. 89243525RCR000031, which closed on 8 November 2024, the DOE awarded contracts for the purchase of an additional 2.4 million barrels of crude oil, valued at $178.65m. The contracts were awarded to Energy Transfer Crude Marketing for 600,000 barrels and to Macquarie Commodities Trading US for 1.8 million barrels. These deliveries are scheduled for April to May 2025 at the SPR’s Bryan Mound site in Texas. The DOE’s broader buyback strategy has now resulted in the acquisition of 59 million barrels for the SPR at an average price below $76 per barrel, which is lower than the $95 average sales price during the emergency sale in 2022. The department also arranged for the retention of 140 million barrels by working with Congress to cancel scheduled sales between fiscal years 2024 and 2026, securing these at approximately $74 per barrel. Together, these measures have restored nearly 200 million barrels to the SPR, said the department. US Secretary of Energy Jennifer Granholm said: “With the awarding of these contracts, DOE has fully utilised all funding allocated for crude oil purchases following the sale of 180 million barrels in response to the Russian invasion of Ukraine and secured 20 million more barrels at a good price for taxpayers. “This milestone cements President Biden and Vice President Harris’ commitment of putting the economic and energy security of the American people first with actions that steadied prices at the pump, provided certainty to industry, and maintained the SPR as the world’s largest supply of emergency crude oil.” According to the DOE, revenue from the 2022 sale, totalling $16.95bn, was used for these purchases, excluding $2.05bn that Congress redirected for deficit reduction. Additionally, the DOE accelerated the return of approximately five million barrels through exchange agreements, ensuring optimal opportunities to replenish the SPR for potential future emergency needs. This replenishment follows a historic release from the SPR to address significant global supply disruptions. According to the US Department of the Treasury, the 2022 SPR releases, alongside coordinated international efforts, helped lower US gasoline prices by up to 40 cents per gallon. The Biden-Harris Administration’s approach to restoring the SPR prioritised taxpayer value, using a three-part strategy. This includes direct purchases funded by emergency sale revenues, exchange returns with added oil premiums, and legislative measures to prevent sales not related to supply disruptions. The SPR, with storage facilities across four sites in Texas and Louisiana, remains the largest emergency crude oil reserve in the world. Give your business an edge with our leading industry insights.
water
Nov 11, 2024
Mininig Weekly
Afd Approves Another €400M Jet-Linked Policy Loan To South Africa
Agence Française de Développement (AFD) has approved another €400-million policy-based loan to support South Africa’s Just Energy Transition (JET), increasing its approvals to €700-million out of the €1-billion it pledged to South Africa at COP26 in Glasgow in 2021. The loan is described as the largest-ever on the AFD's balance sheet and is said to build on the €300-million public policy loan provided by AFD in 2022. It is linked to a set of policy reforms aimed at supporting South Africa’s JET Investment Plan, which seeks to facilitate a shift from coal to renewable energy while cushioning workers and communities reliant on the coal value chain. The loan will be disbursed in equal €200-million tranches in 2025 and 2026. It has a 15-year maturity with a two-year grace period and is priced using an interest rate linked to the six-month EURIBOR plus 1.66%. AFD regional director for Southern Africa and country director for South Africa Audrey Rojkoff said that AFD was working together with the JET partners to strike a balance between South Africa’s energy needs and its climate commitments. “Importantly, we are engaged in addressing the complexity around ensuring that the transition benefits all segments of society with careful planning and implementation,” Rojkoff said in a statement. National Treasury asset and liability management head Mmakgoshi Lekhethe added that the partnership with the AFD presented an opportunity for South Africa to make progress in addressing practical issues of jobs, skills, social support, and governance. “National Treasury will continue working through the intergovernmental system to integrate JET into our fiscal policy choices,” Lekhethe said.
mining
Nov 14, 2024
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